LGT Group Foundation Acquires 53,063 Shares of Emerson Electric Co. (NYSE:EMR)

LGT Group Foundation boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 48.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,870 shares of the industrial products company’s stock after purchasing an additional 53,063 shares during the quarter. LGT Group Foundation’s holdings in Emerson Electric were worth $17,832,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Security National Bank acquired a new stake in shares of Emerson Electric during the fourth quarter worth $29,000. Cape Investment Advisory Inc. increased its holdings in shares of Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the period. Transcendent Capital Group LLC acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $31,000. Burkett Financial Services LLC acquired a new stake in Emerson Electric during the fourth quarter worth approximately $32,000. Finally, Tributary Capital Management LLC bought a new position in Emerson Electric during the 1st quarter worth $35,000. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EMR has been the topic of several analyst reports. Robert W. Baird increased their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Barclays lowered their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley started coverage on shares of Emerson Electric in a research report on Friday. They set an “underweight” rating and a $105.00 price objective for the company. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $124.06.

Emerson Electric Trading Up 1.2 %

Shares of NYSE:EMR traded up $1.21 during midday trading on Monday, reaching $99.40. The company’s stock had a trading volume of 163,734 shares, compared to its average volume of 2,684,257. The firm has a 50 day moving average price of $108.69 and a two-hundred day moving average price of $109.79. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53. The firm has a market capitalization of $56.93 billion, a price-to-earnings ratio of 5.25, a PEG ratio of 1.63 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the business earned $1.29 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, analysts forecast that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.525 per share. The ex-dividend date is Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.11%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.